92 Stocks Exit Special Monitoring Board as IDX Tweaks Rules - Tempo.co English
TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) has revised several entry criteria for stocks subject to the Special Monitoring Board. The amendments took effect on Monday, September 28, 2026, alongside the elimination of the minimum stock price rule.
The regulatory changes follow revisions to Exchange Regulation Number I-X on the Listing of Equity Securities on the Special Monitoring Board and Exchange Regulation Number II-X on Equity Securities Trading on the Special Monitoring Board.
"This refinement is done by maintaining fundamentally relevant criteria, while adjusting other provisions related to liquidity to enhance price discovery," IDX Development Director Iding Pardi said in an official statement on Monday, September 28, 2026.
The changes remove Criteria 1, 6, 7, and 10, which pertain to trading prices, liquidity levels, minimum free float requirements for remaining listed on the exchange, and temporary trading suspensions tied to unusual market activity.
Meanwhile, criteria tied to corporate fundamentals remain intact, including financial reporting standards, revenue performance, negative equity, court-monitored debt restructuring (PKPU) or bankruptcy, and other conditions designated by the exchange with approval from the Financial Services Authority (OJK).
The exchange also refined trading mechanisms on the Special Monitoring Board by introducing a Non-Cancellation Period within the Full Call Auction framework. Iding explained that this feature aims to enhance price formation by curbing last-minute order modifications or cancellations, allowing final prices to more accurately reflect fair supply and demand.
Following these adjustments, 92 securities were removed from the Special Monitoring Board. Meanwhile, 42 securities remain under special monitoring after continuing to trigger fundamental criteria. Notable stocks exiting the board include state-backed builders PT Wijaya Karya (WIKA) and PT Waskita Karya (WSKT), alongside PT Toba Pulp Lestari (INRU) and PT PP Properti (PPRO).
